Business

Taipei, Taiwan -- Taiwan fell significantly behind South Korea in certain economic indicators during the last decade due to government decisions, a professor said Saturday.

Stockholm, Sweden -- Sweden has reacted with dismay and gloom at news that U.S. automaker General Motors will close down its Swedish subsidiary, Saab, experts say.

Los Angeles, CA, December 19 -- The list of bank failures in the U.S. keeps getting longer! As many as seven U.S. banks, battered by the current economic recession, were seized by regulators Friday.

Stockholm, Sweden, December 19 -- General Motors announced Friday that it will end the Saab brand of cars after talks with a probable Dutch buyer, Spyker Cars, collapsed.

New York, December 19 -- The East of U.S. might be hit by a major snowstorm. As people adjust to the major drop in temperature, authorities predict that this winter storm is going to be the biggest one since February 2003.

Los Angeles, December 19 -- Google's French book search project suffered a legal setback Friday after a Paris court ruled that the search company must stop scanning French works for its digital library project in the country.

New York, December 19 -- In an attempt to harness its core Internet search capabilities, Google is reportedly eyeing Yelp Inc, a popular Web site that provides reviews of local businesses.

Washington, December 18 -- Chairman of Federal Reserve, Ben Bernanke, got a four year term extension Thursday, due to the Senate Banking Committee’s votes.

Washington -- OKK Trading toy dart guns imported from China by the Los Angeles company are being recalled because children could choke to death on them, safety officials say.

Washington -- New York's Jason Evans Associates is recalling thousands of Pakistani-made sweatshirts that present a strangulation hazard, a U.S. watchdog agency says.